employment, entrepreneurship and esf finance facilities entrepreneurship and esf finance facilities...
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Employment, Entrepreneurship and ESF finance
facilities
Michal PETRIK
DG EMPL
C.2 Sectorial Employment challenges, Youth Employment and Entrepreneurship
Europe 2020
Employment
rate 75%
3% of GDP in R&D
20/20/20 climate
objectives
10% less early school
leavers, 40% higher education
diploma
Lifting 20 million out of poverty 5 headline
targets
EU Employment package
Communication "Towards a job-rich recovery" 3 Chapters:
'Support Job Creation'
'Restore the Dynamics of Labour Markets'
'Enhance EU Governance'
Entrepreneurship and job creation
85% of the newly established enterprises are micro-enterprises
In the EU newly established enterprises create on average
- 2 jobs - 3 jobs in certain countries
+ +
The ESF: entrepreneurship-related actions
The ESF shall promote employment and support labour mobility through self-employment, entrepreneurship and business creation. It channels money into the Member States in order to achieve goals agreed between the MS and the Commission in the Operational Programmes.
The ESF: key policy areas
The policy areas in the area of entrepreneurship and
self-employment:
• entrepreneurship skills,
• access to finance,
• regulatory and institutional frameworks and,
• efficient outreach and policy implementation.
The ESF: Youth Entrepreneurship
Youth Opportunities Initiative is being implemented on both national and EU level.
Various actions include reallocation of funds within the ESF operational programmes. More than €10 billion of funding from the ESF and ERDF has been redirected in order to tackle youth unemployment in eight Member States, including through entrepreneurship.
The ESF: A success story
Going for Growth is a scheme supporting and encouraging women entrepreneurs to be more ambitious and helping them achieve their growth goals with mentoring relationships, networking events and workshops. This initiative is partially funded by the Equality for Women Measure 2010-2013 which is being funded by the ESF through the Human Capital Investment Operational Programme 2007-2013.
The most recent six month cycle had 60 participants and the costs of operating the cycle were 1,300 EUR per participant. Over this period, participants increased their sales by an average of 10% and created 55 new jobs. Surveys show that more than 90% of participants have considered their participation to have been of value to them.
European Progress Microfinance Facility
Established in 2010, enables microcredit providers to increase lending of loans below € 25 000 – for setting up or developing a small business.
Guarantees
Funded
instruments
Micro-
credit
pro
-viders
Budget
EU
/ EIB
PSCI 2014-2020
Technical assistance
for
capacity builiding
Funding
for
capacity building
Guarantees
Funded
instruments
EU microfinance support
Programme for Social Change and Innovation (PSCI)
Inclusive Entrepreneurship policy
Beyond finance
Knowledge and strategy
Entrepreneur -ship
education
Start-up support
Access to finance
Useful links I
COM(2012) 173 "Towards a job-rich recovery" http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2012:0173:FIN:EN:PDF
Staff working document accompanying the Communication COM (2012) 727 "Moving Youth into employment" http://ec.europa.eu/social/BlobServlet?docId=9216&langId=en
COM (2012) 795 "Entrepreneurship 2020 Action Plan: Reigniting the entrepreneurial spirit in Europe" http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2012:0795:FIN:en:PDF
Useful links II
EC-OECD (2013 forthcoming), The Missing Entrepreneurs: Policies for Social Inclusion.
EC-OECD (2012), “Policy Brief on Youth Entrepreneurship,” available at: http://www.oecd.org/cfe/leed/Youth%20Policy%20Brief.pdf
EC-OECD (2012), “Policy Brief on Senior Entrepreneurship,” available at: http://ec.europa.eu/social/BlobServlet?docId=9644&langId=en
EC (2010), “Self-employment in Europe,” available at: http://ec.europa.eu/social/BlobServlet?docId=6137&langId=en